EQUITAS LTD AND ANOTHER v SANDE INVESTMENTS LTD AND OTHERS

[2021] Lloyd's Rep. IR Plus 26

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Leigh-Ann Mulcahy QC, sitting as a Deputy High Court Judge

Reinsurance – Lloyd’s brokers – Sub-agents appointed by brokers collecting reinsurance recoveries due to Lloyd’s Syndicates – Liability of sub-agents to Syndicates – Status of sub-agents – Implied contract of retainer – Duty of care in tort – Fiduciary duties – Unjust enrichment – Limitation of actions – Limitation Act 1980, sections 2, 5, 21 and 32.